Most of the time the budget constraints in the socialist economies were harder than in developing countries and no less hard than in developed countries. The soft budget constraints (SBC) in socialist economies were not pervasive, as most authors believe, but selective, i.e. involved...

This book is open access under a CC BY-NC-ND license. This book addresses the issue of how a country, which was incorporated into the world economy as a periphery, could make a transition to the emerging state, capable of undertaking the task of economic development and industrialization. It...

Rational agents react to incentives in the market economy as well as in the centrally planned economy. Economic laws are persistent regardless of the economic system. The legislative system changes the outcome of the game between economic agents and managers. The aim of this paper is to show how...

The paper deals with the discussion on the possible models of economy - market economy, which is usually associated with capitalism, and planned economy, which is usually associated with socialism. The experience of the 20th century has shown that efforts to choose the model of socialism have...

Introduction: Animal farms -- When pigs could fly -- The great grain robbery the rise of a global animal farm -- The shrinking industrial pig -- The manure crisis -- Small but mine : pigs in the garden -- A plague of wild boars -- The iron law of exports.

Administrative department as a mechanism of resource allocation -- The evaluation criteria for efficiency and fairness on resource allocation led by the administrative departments -- Applying rent seeking theory to analyze resource allocation by the administrative departments -- The efficiency...

The paper deals with the discussion on the possible models of economy - market economy, which is usually associated with capitalism, and planned economy, which is usually associated with socialism. The experience of the 20th century has shown that efforts to choose the model of socialism have...

The paper deals with the discussion on the possible models of economy – market economy, which is usually associated with capitalism, and planned economy, which is usually associated with socialism. The experience of the 20th century has shown that efforts to choose the model of socialism have...

Der Markt hat versagt, wir brauchen mehr Staat - das behaupten insbesondere seit dem Ausbruch der Finanzkrise vor zehn Jahren Politik, Medien und Intellektuelle. Rainer Zitelmann vertritt die Gegenthese: Mehr Kapitalismus tut den Menschen gut. Er begibt sich auf eine Reise durch die Kontinente...

Introduction -- Organisation, power and politics in the communist regime -- Romanian industrialisation : legal frame, characteristics and social consequences -- Methodology -- Plan and enterprise in communist Romania -- The human side of the communist enterprise -- Conclusions -- Appendix 1....

Should India's export promotion policies be targeted at accelerating export growth at the extensive(new trading relationships) or at the intensive margin (increase in trade of existing relationships)? To help answer this question, a comparative study of exports is undertaken from India and China...